Bear Market That Wasn’t Gores Pessimists as S&P 500 Rebounds

Bear Market That Wasn’t Gores Pessimists as S&P 500 Rebounds

Jeremy Bales/Bloomberg

Expanding factory production, retail sales and earnings that topped forecasts as well as the Federal Reserve’s pledge to buy $600 billion of Treasuries spurred the advance as the economy continued to recover from the worst financial crisis since the Great Depression.